Federal prosecutors allege a Hazleton businessman bilked his clients out of $1 million over a three-year period.
Joseph S. Hyduk, 54, faces one count each of wire fraud and income tax evasion, according to the U.S. District Attorney's office.
Hyduk could be sentenced up to 25 years in prison, $500,000 in fines and a term of supervised release. A plea agreementis pending before theU.S. District Court inScranton.
According to a news release, Hyduk didbusiness as BNA Financial Services, an insurancecompany he operatedfrom his residence.
Money was transferred from Hyduk's clients' accounts to his ownfor personal use, investigators said.
The investigation was conducted by the FBI's Allentown office and the Internal Revenue Service's criminal investigation unit in Scranton.
Assistant U.S. Attorney Michelle Olshefski is prosecuting the case.